Personal Development For Leadership and Strategic Management
Introduction
In the present era, personal development is considered as an important aspect that supports in enhancing skills and knowledge of an individual for setting a goal that further supports in maximizing potential. It is an essential element that helps in achieving a vision for the future and determining target that supports in making life easier. In addition to this, there are mainly five areas under personal development, such as spiritual, physical, emotional, social, and education that enhances growth within an individual. Furthermore, there are four stages for developing a personality that involves unconscious incompetence, conscious incompetence, conscious competence, and unconscious competence. On the other hand, leadership is the term that facilitates motivating and inspiring people to achieve the common goal of the organization. There are different styles of leadership practiced within the business that helps in achieving goals and objectives. It has been identified that the democratic style of leadership is the most common approach that supports the effective decision-making process in the firm.
In addition to this, strategic management is concerned with determining competition, framing strategies, analyzing the internal and external environment within the organization. It has been observed that it is an important aspect that supports developing functions and carry out a business operation in an effective manner. The current report highlights souq. com that is an e-commerce platform owned by Amazon. It is considered as biggest online platform based in Dubai, UAE. It was introduced in the year 2005. The report includes skills required for developing vision and strategy and their contribution towards achieving them. It also includes various approaches that support the development of vision and factors that influence external stakeholders of the firm. Furthermore, it emphasizes theories associated with management and leadership and the formation of a personal development plan for achieving vision and strategy.
Task 1
1.1 Factors that influence organizational vision 540
Organizational vision can be defined as a roadmap that provides support and direction to an organization for achieving objectives and goals in the future. The main purpose of developing a vision for the company is to create plans, making decisions, and help organizations in focusing on meeting a common goal. It has been identified that the vision of souq gets affected by various factors such as core values, leadership, purpose, and ideology. Moreover, ideology can be termed as concepts and philosophies that an individual possess to carry out its life. In the case of an organization, it is a soul and spirit that supports in controlling vision of the selected brand.
It has been observed that core ideology is most significant that helps in building a vision of the firm. An ideology that has a sound perspective has universality among values, purpose, and principles. It has a greater impact on the operational activity of the chosen business because if ideology did not match the vision, then it affects the working environment. It is considered as a concept that is incomplete as here the source of knowledge is less as compared to other factors. It has been evaluated that the ideology of companies differs, so this has a greater impact on the vision of companies as one ideology suits, but on the other side, another ideology that influences business activities.
On the other hand, souq vision also gets impacted through purpose that relates to the reason for carrying out an operational activity. It has been identified that purpose helps in creating the vision, so if the purpose of the selected organization gets dismissed, then it influence the vision and cannot be able to achieve success in the future course of action. Vision and purpose both contribute to inspiring and guiding organizations for the longer-term. In addition to this, it has been evaluated that purpose is considered as a central core that supports building vision. So it can be said that purpose is a part of a vision that influences business activities and operations.
Furthermore, the purpose of the company cannot be fulfilled then vision also gets affected through it and influence organizational settings that are an important aspect for souq to enhance its sale and profitability. It is essential to inculcate and consider changes that are an effective and driven different aspect that is essential for the future. If the purpose of the company cannot be met, then it becomes difficult to meet its vision.
Core values are also a factor that influences the vision of souq. It can be said that values represent the system and behavior that is adopted within the business for achieving higher profits and productivity. It is important for a selected business to maintain values through which the company’s operation can be run in an efficient manner. So, if values are not catered, then it affects vision as if an effective working environment cannot be developed, then the vision of the company cannot be fulfilled in an easy manner. Lastly, leadership provides direction to employees to work within souq for the purpose of achieving the vision of the company.
It is one of the most important factors that have a greater influence on vision as if a leader within the chosen business did not involve effective strategy; then vision cannot be achieved. So, leadership plays a vital role in meeting organizational vision. If there is no effective leadership style adopted by the company, then it affects the vision of the company.
1.2 Skills and knowledge required in strategic management and leadership
It has been evaluated that there are various skills possessed by a leader for the purpose of achieving the vision and strategy of the souq. Positivity is one of the skills of leadership that supports carrying out business operations in an effective manner. It also creates a developing positive working environment that enhances employee engagement within the firm. It is important for leaders to spread positive aspects so that it further helps in developing an effective strategy and contribute towards achieving success in the future. In addition to this, creativity is another skill that acquires by the leader for the purpose of gaining larger aspects in the company.
It is essential for a leader to bring creativity at the time of carrying out business activities so that it helps in implementing new ideas and concepts that are necessary for the future. It has been observed that while operating online, business creativity is a must as it helps in attracting a larger customer base. Active listening skill is also necessary for a leader so as to solve the problem of its subordinates in the selected business. This makes in framing strategy and vision in such a way that it helps in gaining a larger share in the market. If a leader has active listening qualities, then it becomes easy to carry out the operational activity of the company.
In addition to this, a leader within souq requires knowledge about making a decision for the business. This is treated as an important element through which operational activity can be run in an efficient manner. It is necessary to make the right decision at the time of the formulation of strategy and vision for the company. So, this is an important aspect that contributes to building a brand image in the marketplace.
On the other side, having good communication skills is necessary under strategic management for framing strategy and vision for the selected brand. It can be said that through effective communication with people in the business supports in the development of employees and further cater to building relationships with customers in the marketplace. So, at the time of developing vision and strategy, communication is considered an important aspect that contributes to the development of change that is necessary for meeting market trends. Apart from this, organizing is also another skill that comes under strategic management within souq. It is essential for companies to organize each and every perspective of business that further supports creating a strategy that is valuable to the firm and, along with this vision, can be formulated for meeting goals of the selected business.
Moreover, it has been observed that under strategic management, employees have a willingness to work with others that made it more reliable and flexible. In this case, respect is being provided to employees working within the business and further aims ineffective implementation of strategy and vision for achieving success. It can be said that if employees within souq are willingly ready for doing work, then it is beneficial for the firm to achieve success in a shorter span of time. There are different skills and knowledge requires for the creation of vision and further supports in achieving the objectives of the business. Therefore, the above skills and knowledge required by an employee for the purpose of meeting strategy and achieve the vision of the selected brand.
2.1 Factors that contribute to achieving the organizational vision
There are different factors that contribute at the time of achieving the vision and strategy of the organization. These are such as honesty, specificity, flexibility, personality, boldness, ingenuity, and compatibility. It has been evaluated that all these aspects support at the time of formulation of vision and strategy by the company. It is taking into account honesty as one of the most important factors that add value in achieving the strategy and vision of the organization. It has been observed that honesty is related to trust that employees have on the company and become loyal with it for a longer period of time. Souq for developing vision considers all these factors that support the ineffective implementation of time and resources.
In addition to this, specificity is related to specific features that are adopted at the time of formulating vision by the selected brand. This contributes to providing specific aspects to vision that can be met by the company. Specification within vision can be developed by creating various aspects that are important for the future and cater needs and wants of customers. Souq is an online store that provides services through online methods, so they have to mention specifications regarding every product that they sell in the market. This supports the cater vision of the firm that is necessary to achieve success in the future.
Flexibility is the main factor that provides a vision of a new edge and attracts customers towards the business. It has been observed that flexibility is the main aspect that contributes to framing vision. This is because if flexible vision is framed, then it becomes easy to bring change and further contribute to building various aspects for the future. It is important to consider change within the operational activity of the company so that it further contributes to bringing openness and create effective vision and strategy by the selected brand. Apart from this, personality is concerned with reflecting the core values of the Souq that further supports in determining and gaining competitive advantage in the marketplace. This factor represents a change in the aspects of vision as that further involved in the development of business practices and strategy. With the help of this factor, vision can be derived and further involve in meeting change that is important for the future.
Furthermore, ingenuity is related to tangible aspects that are involved at the time of developing strategy and vision is essential. It has been found that providing tangible items is considered an effective process as it helps in making the effective vision that is necessary and contributes towards achieving success and developing change that is essential. Vision provides direction that is an important element that supports the effective implementation and contribution towards gaining success. In addition to this, boldness is also a factor that helps in building a vision for the company and contributes to building change that is effective for framing strategy. It is necessary to inculcate and develop a vision that is important for achieving success in the marketplace.
Lastly, compatibility is the factor that supports achieving the vision and strategy of the selected organization. It can be said that vision is compatible as it helps in bringing out various aspects related to bringing out a change that is necessary for the future. It is important to consider a compatible change that is necessary and evaluate these factors that support in achieving organizational strategy and vision.
1M1 Evaluate ranking of knowledge and skills for achieving organizational strategy 250
It has been evaluated that creativity comes first while ranking leadership skills and knowledge that require creating and achieving organizational strategy for the company. On the other hand, under management aspects, organizing skill comes at first in meeting strategy. It is important for leaders within souq to bring creativity in the business activities so that it further helps in the creation of various aspects for meeting goals and objectives. There are different skills required to successfully create a strategy and enhance business objectives that are necessary for gaining a larger perspective in the company. There is a change in business activities and the formulation of vision at the time of involving and considering a strategy that is effective for business success. Apart from this, positivity comes in the second position at the time of considering and creating a strategy so that it streamlines in to carry out the operational activity of the business.
On the other side, communication skill ranking as second under management to carry out business activities in an efficient manner. It is necessary to adopt strategies so that it becomes easy for a chosen business to carry out its business activities. It is important for the company to bring change and assessing different aspects that are carried out for achieving and bringing out different aspects of the marketplace. This provides a second rank because organizing activities is the priority for Souq to manage each and every aspect of the business. There is a difference in the creation of a strategy that requires skills and knowledge to carry out activities of a business in a smooth manner.
1D1 Analysis of skills and knowledge required for achieving organizational operations 200
It has been observed that different skills and knowledge requirements for creating a strategy with regards to organizational operation as at the time of creation organizing skill is needed that is important for the company. On the other hand, for achieving the operations of an organization, it is important to consider and bring change that is important for meeting the organizational strategy of the firm. It is a necessary aspect that is taken into account and further helps in the evaluation of change that is effective for gaining a competitive edge in the marketplace. There is a difference in considering and bringing out a strategy that is essential for future development.
On the contrary, at the time of creation, creativity skill is considered as best that supports in implementing new ideas and concepts into the business activities. It is necessary to consider and evaluate change that is effective at the time of developing strategy and further aids value in managing knowledge that is essential for the strategy. It is necessary for the firm to consider skills so that an effective strategy can be framed by Souq. It is essential to consider and evaluate changes that arise due to the development of strategy and the formulation of vision in the company.
Task 2
2.2 Approaches for development of vision
The approaches adopted by Souq for the development of vision are as under:
Brainstorming: – This is one of the approaches that are followed by souq at the time of framing vision. It deals in the creation of ideas and concepts into the business that is important for meeting current and future trends in the marketplace. In this approach, different ideas are gathered and further utilize at the time of the creation of the vision. It is necessary to inculcate this tactic that helps in improving various aspects of the future. The selected brand puts efforts into developing new ideas that are necessary for the formulation and creating change that is important for building and considering while developing vision.
Creativity: – This is the second approach that is taken into account by souq, that emphasizes building new concepts for enhancing sales and profitability in the marketplace. It is necessary to inculcate and develop change that is essential for the future aspects and bringing new ideas that help in solving the problem of the business. Vision can be developed by considering these tactics that are essential for future development. It is necessary to adopt change, and the formulation of vision becomes effective for meeting objectives and goals. It is the most effective change that contributes to building the vision of the firm.
Drawing pictures: – It has been observed that pictures can be drawn at the time of developing change and contribute towards success that is necessary to evaluate and bringing pictures. With the help of pictures, vision can be framed that supports in to carry out a change that is effective and gaining various aspects that is essential for the further implementation and bringing change that is essential for effective implementation and achieving success. There are different pictures formed in evaluating and bringing out a change that is effective for the company. Vision is the most effective element that supports in bringing various aspects for future development in creating change that is essential for the business.
Lateral thinking: – It is considered an important aspect that supports the evaluation and builds the change that is effective for development and contributes towards maintaining change in the business. Lateral thinking is concerned with effective implementation of strategy and considers aspects for bringing out change and contributes towards development and focusing on gaining understanding related to making a vision for further implementation in the business. It has been identified that at the time of making vision problems arise, so for resolving those problems, lateral thinking is taken into consideration that helps in formulating a vision for souq. In this case, ideas cannot be generated through traditional methods, as modern tactics are applied within the business.
Improvisation: – This approach is used by souq for bringing improvement in developing a vision for the company and contributes towards achieving success that is important for the future. It is necessary to improve business activities so that it further supports in taking action related to achieving improvement that is essential for the company. It can be said that improvement is essential and further cater to developing change that is effective and bring various change for gaining various aspects and building brand image. In the improvisation, vision can be developed and contribute to achieving change for further improvement that is necessary for achieving success by the company.
2.3 Evaluation of factors that influence communication and external stakeholders
It has been identified that there are different factors associated that have an impact on communication as a sitting arrangement of employees within the business is one of the factors that affect communication. It is necessary to inculcate and develop change that is effective and formulate in the development of aspects that are necessary for the company’s success. It can be said that if the arrangement within the workplace is not effective, then it influences employee engagement that is considered an effective factor that influences the stakeholder of the selected brand. There is a difference in gaining and considering factors that are essential and contribute to framing policies and consider stakeholders for the further aspects of the company.
It is not necessary to consider various aspects associated with the future change, but it contributes to the development of objectives and goals. The change may occur due to the implementation of various aspects and involved in taking into account different evaluation and building stakeholders that are essential for the further improvement and carry out a change that is effective for the future. It is necessary to build and gain changes that are essential and affect the working environment of the selected business. It is considered as an important aspect that further implements and gain change that is essential and evaluate in the development and formulation of change that is effective and consider various aspects for the business.
The communication research team is another factor that affects stakeholders of the company, and communication of vision also gets impacted by this factor. It is necessary to consider and develop change that is essential for further implementation and achieving change within the business aspects. There is a difference in the evaluation of these practices and, further, create in-building communication. It can be said that if communication is not effective, then it has a greater impact on the development and contribute towards achieving change that is necessary for the future. It has been observed that research is not effective, so it affects the communication vision of the firm. There are various aspects that involve in the implementation of a strategy that is effective for the company. There is a change in business activities and further involve the formulation and contribute towards achieving success in the marketplace.
Communications project team lead is another factor that has a greater impact on the business operation of the company. It can be said that communication helps in carry out business activities, so this is an important concern regarding external stakeholders and building change that is effective and development of various aspects that are essential and contribute to the development of business activities in the market. If communication is not carried out effectively, then it has a greater influence on the business activities of the souq. It is not easy for the company to consider a change that is effective and formulate in the development of various aspects of the business. It is important to evaluate and consider a change that is essential and regarded as further contribute to building the change for gaining a competitive advantage.
It has been found that the above factors influence communication vision, so this is not an effective way to carry out business activities in the marketplace. There is a change in business activities due to the effective implementation of strategy and vision that is essential and building aspects that are necessary to formulate and to bring out the change that is effective for the future.
2M1 Factors that contribute to gaining internal stakeholders commitment while communicating vision 250
It has been evaluated that employee engagement is one of the factors that support in gaining internal stakeholder and further contribute to achieving success. It is important to consider and evaluate change that is effective and consider the change that is effective and further implementation and catered into aspects that is essential and evaluate in the implementation and building brand image that is considered as an important aspect for the further creation and formulate in the effective change that is necessary and build and competitive advantage that is essential for the future. It is necessary to inculcate and develop effectiveness that is necessary for the further implementation and catered in gaining change that helps in gaining commitment while communicating the vision of the firm.
Moreover, Innovation is another factor that supports making and communicating a vision that is essential for the future. It is necessary to inculcate and precede changes that are effective for the company’s success. It has been observed that there are changes that occur due to the implementation of vision and strategy that supports in communicating the vision of the selected organization.